Forex Forum to Share, Discuss, Communicate and Trade Forex

Short Term Technical Analysis for Majors (08:00 GMT)

Fore Technical analysis from WindsorBrokers
Image

Short Term Technical Analysis for Majors (08:00 GMT)

Postby WindsorBrokers » Wed Mar 16, 2011 8:26 am

EUR/USD

Trades just under 1.40 barrier after support was found at 1.3854 and fresh strength briefly broke above 1.40. The latter still acts as strong resistance, though, near-term studies remain positive, and while 1.3854 underpins, scope is seen for fresh attempt through 1.4000/35 to signal an upside resumption towards 1.4100 next.

Res: 1.4002, 1.4035, 1.4050, 1.4100
Sup: 1.3963, 1.3920, 1.3854, 1.3839

Image



GBP/USD

Attempts to form near-term double bottom at 1.5975, as fresh strength remains supported at 1.6050. Break above 1.6100 barrier would signal further extension towards 1.6137 barrier, break of which is needed to confirm and expose 1.6200 next. Below 1.6050, however, weakens immediate outlook.

Res: 1.6100, 1.6120, 1.6137, 1.6200
Sup: 1.6050, 1.6000, 1.5976, 1.5957

Image



USD/JPY

Near-term outlook weakens again after strong recovery from 80.59 spike low, surged through 82.00 barrier, to reach 82.45 high. Failure to hold gains above 82.00 has sparked fresh weakness below 81.00, has so far tested 80.60, ahead of 80.24 key support, loss of which will expose 15-year low at 79.75. At the upside, 82.00/45 is expected to cap.

Res: 81.16, 81.41, 81.86, 82.00
Sup: 80.24, 80.00, 79.75, 79.50

Image



USD/CHF

Extends weakness after 0.9360 capped the recovery attempt, with loss 0.9200 support triggering fall to post fresh record low at 0.9139. Correction is under way, with 0.9200/45, previous low / 20 day MA, offering initial resistance. However, regain of 0.9360 barrier is needed to signal stronger recovery.

Res: 0.9196, 0.9204, 0.9220, 0.9245
Sup: 0.9150, 0.9139, 0.9100, 0.9050

Image
User avatar
WindsorBrokers
Senior Member
 
Posts: 504
Joined: Wed Jan 12, 2011 1:42 pm

Return to WindsorBroker Daily Fx Analysis

 

Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Google Adsense [Bot], Yahoo [Bot]

cron